EDB Bank & Finance supplies a core system customised for Nordic Investment Bank's (NIB) lending activities and infrastructure as well as system implementation.

 

"We have been through an extensive selection process and have chosen the customised SysCon Lending System from EDB due to its superior match of needed functionality and user friendliness. We look forward to utilise the system in order to obtain further efficiency in our lending processes", says Bo Heide-Ottosen, Executive Vice President of NIB.

 

"The contract with NIB represents an important step forward to realise a broader range of solutions to the Nordic market. Our delivery is based on state of the art components that will form NIB's new core lending system, comments Ole Urdahl, Executive Vice President, Bank & Finance, EDB Business Partner.

 

The SysCon Lending System is developed by EDB as a complete and component based solution for both complex commercial lending and retail lending, and provides administration throughout the entire life cycle of a loan. The system is now used by a number of European and Norwegian banks and financial institutions. The major European customers are the Bank of Scotland, the Nationwide Building Society and Cheshire Building Society in the UK, Societe Generale in France, Alpha Bank in Greece and Danish Ship Finance (DSF).

 

The Nordic Investment Bank (NIB), with headquarters in Helsinki, is a multilateral financial institution established and owned by the Nordic countries. NIB has financed projects in more than forty countries in various parts of the world since it began operating in 1976. NIB grants medium and long-term loans on competitive, commercial terms to both the private and public sectors for projects, which have high priority with the Nordic countries and the borrower. NIB finances investments concerning e.g. infrastructure, energy supply, industry and environmental improvements.

 

Any enquires may be addressed to:
Ole Urdahl, Executive Vice President, Bank & Finance, EDB Business Partner.

Tel: + 47 90 53 61 16